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Word: japanization (lookup in dictionary) (lookup stats)
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...Toyota dealerships, meanwhile, customers have had to haul their cars in to have the sticky gas pedals repaired. Loyal Toyota owners now have a reason to flirt with other brands, though switching could cost them: trade-in prices for Toyotas have fallen. And at global headquarters in Toyota City, Japan, corporate officers belatedly grasped the seriousness of the situation and tried to make amends. "I apologize from the bottom of my heart for all the concern that we have given to so many of our customers," a chastened Akio Toyoda, grandson of the corporation's legendary founder, Kiichiro Toyoda, told...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...reputation for quality that Toyota has damaged in just a few months took decades to build. Though Toyota was founded in the 1930s, its climb to global prominence started after World War II as the company became one of the exemplars of Japan's miracle - the creation of a successful, technologically advanced economy out of the ashes of war. In the 1950s, the company experimented with ways to manufacture cars more efficiently. Ironically, Japan's awful postwar poverty acted as a spur. The production techniques of American car companies - with heaps of stored components awaiting assembly, and ample machinery...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...rapid expansion puts enormous pressure on any company's ability to transmit know-how and technology, especially over long distances and across national cultures. When Toyota opened its Georgetown, Ky., plant in 1988, hundreds of work-team specialists and other experts were transplanted from Japan for several years to make sure the new plant fully absorbed the Toyota way. That kind of hand-holding may still be possible, but it isn't as easy. How can that be fixed? Says Spear: "The big deal is this question, Does an organization know how to hear and respond to weak signals, which...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

...When weak signals started coming out in 2002, Toyota's top management wasn't listening. By then, the heroic stage of Japan Inc. was over; parts of its business culture had become sclerotic. Compared with the nimbleness seen in Silicon Valley, Japan's manufacturers and their systems began to be seen as inflexible, too removed from a changing global economy to adapt. Analysts describe a Toyota management team that had fallen in love with itself and become too insular to properly handle something like the current crisis. "The reaction to [the situation] is a very Japanese thing," says Kenneth Grossberg...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

Harvard Law School Professor James L. Cavallaro ’84 and Nadejda Marques, a research coordinator at the Harvard School of Public Health, will take their place while Wrangham and Ross travel through Europe, Africa, and Japan...

Author: By Danielle J. Kolin and Naveen N. Srivatsa, CRIMSON STAFF WRITERS | Title: Currier House Masters To Take Year Off | 2/11/2010 | See Source »

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